The city of Hamilton has settled a federal
lawsuit with International Paper and SMART Papers over an outstanding
termination fee for wastewater treatment services at the former SMART Papers
plant.
The city, which originally filed suit for
$3.2 million, has received a settlement from both papermakers for a total of
$2.76 million, according to Doug Childs manager of energy management and
utility business services. Of that amount, $2.6 million will be paid by
International Paper and $250,000 has already been paid by SMART Papers. The
funds, minus about $80,000 for legal and other miscellaneous fees, will be
deposited into the city’s wastewater treatment fund.
